Dynamic Technology Lab Private Ltd Lowers Holdings in UMB Financial Corporation $UMBF

Key Points

• Dynamic Technology Lab Private Ltd has significantly reduced its stake in UMB Financial Corporation by 64.8%, now holding only 6,829 shares valued at $690,000.
• UMB Financial recently reported earnings of $2.96 per share, surpassing analysts' expectations, with a substantial 76.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.40 per share, with a yield of 1.3%, payable on October 1st.

Dynamic Technology Lab Private Ltd decreased its stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 64.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,829 shares of the bank's stock after selling 12,571 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in UMB Financial were worth $690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp purchased a new position in UMB Financial during the 4th quarter valued at $219,000. BNP Paribas Financial Markets boosted its holdings in UMB Financial by 70.8% during the 4th quarter. BNP Paribas Financial Markets now owns 38,462 shares of the bank's stock valued at $4,341,000 after acquiring an additional 15,949 shares during the period. Cetera Investment Advisers purchased a new position in UMB Financial during the 4th quarter valued at $238,000. EP Wealth Advisors LLC boosted its holdings in UMB Financial by 5.8% during the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock valued at $266,000 after acquiring an additional 130 shares during the period. Finally, Deutsche Bank AG boosted its holdings in UMB Financial by 16.4% during the 4th quarter. Deutsche Bank AG now owns 88,320 shares of the bank's stock valued at $9,968,000 after acquiring an additional 12,423 shares during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Stock Down 0.9%

Shares of UMBF traded down $1.08 during trading hours on Friday, hitting $120.60. The company had a trading volume of 323,188 shares, compared to its average volume of 497,488. The company has a market capitalization of $9.16 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company's fifty day moving average price is $112.89 and its two-hundred day moving average price is $104.95.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The business's revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. As a group, equities analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's payout ratio is 18.39%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UMBF. Raymond James Financial boosted their price objective on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their target price on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Barclays lifted their target price on UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Truist Financial lifted their target price on UMB Financial from $130.00 to $144.00 and gave the company a "buy" rating in a research report on Monday. Finally, Piper Sandler lifted their target price on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.89.

Insider Activity

In other UMB Financial news, insider Robert Brian Beaird sold 1,205 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total transaction of $139,984.85. Following the sale, the insider owned 10,147 shares in the company, valued at approximately $1,178,776.99. The trade was a 10.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Phillip James Mason sold 750 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $120.97, for a total value of $90,727.50. Following the sale, the insider owned 8,815 shares in the company, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. Corporate insiders own 5.45% of the company's stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.